Update: The zoning change was approved by City Council on 10/11/17.
Update, 1/17/19: The developer has applied for another zoning change to be able to build a larger building, with 28 units instead of 16. There would be 5 parking spaces instead of 3.
DNAinfo Chicago reported in April that Kiferbaum Development bought a vacant lot at 1966 N Milwaukee Ave, around the corner from the Western-O’Hare Blue Line station and next to the new A.M. 1980 apartment building. The company, led by Joseph Kiferbaum, applied for a zoning change last week.
The 5-story building would have 2,145 square feet of retail/commercial space on the ground floor (enough for one business), 16 dwelling units. The typical floor would have 1 efficiency, 1 one-bedroom, and 2 two-bedroom units.
Because the lot is about 300 feet away (walking distance) from the CTA station, the parking requirement is zero. The zoning change application indicates there will be 3 car parking spaces.
A zoning change triggers the city’s Affordable Requirements Ordinance, requiring that the developer offer 10 percent of the units as “affordable”, to a household earning 60 percent of the area median income (100 percent of AMI for for-sale units). In this case, the developer must create two affordable units, one of which must be built on site or built or renovated nearby. The other one can be bought out by paying a $125,000 in-lieu fee.
It’s likely that the building would be constructed at the same time as its neighbor from Clayco, approved in January, with 132 units.
The architect is Axios Architects & Consultants.
The other Kiferbaum development in Logan Square is a group of six townhomes on a mostly-vacant lot at 2731 W Prindiville St. That project’s zoning change was approved in March.